Victrex (LON:VCT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Victrex (LON:VCT) had its price target increased by stock analysts at Berenberg Bank from GBX 680 to GBX 870 in a research note issued on Friday, London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential downside of 12.12% from the company’s current price.

A number of other research firms have also recently commented on VCT. Canaccord Genuity Group cut shares of Victrex to a “buy” rating and set a GBX 725 price target for the company. in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price objective on shares of Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Victrex currently has an average rating of “Hold” and an average target price of GBX 721.67.

Victrex Trading Down 0.8%

VCT stock opened at GBX 990 on Friday. Victrex has a twelve month low of GBX 515 and a twelve month high of GBX 1,024. The stock has a market capitalization of £862.84 million, a price-to-earnings ratio of -44.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30. The firm’s fifty day simple moving average is GBX 785.53 and its two-hundred day simple moving average is GBX 673.74.

Victrex Company Profile

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.